Fourth Dimension Wealth LLC Buys New Position in ONEOK, Inc. (NYSE:OKE)

Fourth Dimension Wealth LLC bought a new stake in shares of ONEOK, Inc. (NYSE:OKE) in the 4th quarter, Holdings Channel.com reports. The firm bought 1,053 shares of the utilities provider’s stock, valued at approximately $106,000.

Several other large investors have also bought and sold shares of the company. Breed s Hill Capital LLC boosted its stake in ONEOK by 16.4% during the fourth quarter. Breed s Hill Capital LLC now owns 3,106 shares of the utilities provider’s stock valued at $312,000 after buying an additional 438 shares in the last quarter. Vise Technologies Inc. boosted its position in shares of ONEOK by 68.3% in the 4th quarter. Vise Technologies Inc. now owns 13,682 shares of the utilities provider’s stock valued at $1,374,000 after purchasing an additional 5,554 shares during the period. Retirement Planning Group LLC boosted its position in shares of ONEOK by 7.1% in the 4th quarter. Retirement Planning Group LLC now owns 11,355 shares of the utilities provider’s stock valued at $1,140,000 after purchasing an additional 757 shares during the period. Highview Capital Management LLC DE boosted its position in shares of ONEOK by 8.8% in the 4th quarter. Highview Capital Management LLC DE now owns 12,245 shares of the utilities provider’s stock valued at $1,229,000 after purchasing an additional 987 shares during the period. Finally, Harmony Asset Management LLC boosted its position in shares of ONEOK by 0.9% in the 4th quarter. Harmony Asset Management LLC now owns 45,410 shares of the utilities provider’s stock valued at $4,559,000 after purchasing an additional 399 shares during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Down 0.3%

OKE opened at $81.13 on Friday. ONEOK, Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $118.07. The business has a 50-day moving average of $87.26 and a 200-day moving average of $97.22. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The company has a market capitalization of $50.68 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 3.77 and a beta of 1.01.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.24). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The firm had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same period last year, the business earned $1.09 earnings per share. Equities research analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date was Monday, May 5th. ONEOK’s dividend payout ratio (DPR) is presently 80.47%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Morgan Stanley increased their price target on ONEOK from $111.00 to $133.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. Wells Fargo & Company decreased their price target on ONEOK from $102.00 to $93.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Barclays decreased their price target on ONEOK from $105.00 to $101.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. Citigroup decreased their price objective on ONEOK from $110.00 to $102.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. Finally, US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.69.

ONEOK Profile

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.